The Sandbox price entered an aggressive bullish month late last month, which saw its prices surging by 34 per cent from October 21 to the early hours of the October 30th trading session. Since then, Sandbox has struggled in the markets and had dropped by over 15 per cent by the close of yesterday’s trading session.
However, in today’s trading session, Sandbox price looks to be reversing the course of the past few trading session after surging by more than 5 per cent. Intraday trading on lower timeframes also points to a possible continued bullish move throughout the day, which may result in Sandbox wiping out losses made throughout the week.
The current price surge comes a few days after the platform was awarded the Leader on Tourism award by the World Tourism Forum Institute. During the announcement, Bulut Bağcı of the World Tourism Forum Institute indicated the award had previously been awarded to heads of states from 2015 to 2021.
However, this year’s award would take a different route by considering the private sector, and the award would go to the Sandbox game. Bağcı also encouraged tourism industries to consider being part of the metaverse ecosystem. The award was a significant milestone for the platform and its future.
Sandbox Price Prediction
The chart below shows that the sandbox project has been in three consecutive bearish sessions, resulting in a 12 per cent price drop. However, in today’s trading session, the trend looks to have reversed, with prices surging by over 5 per cent in the past few hours. On lower timeframes, the Sandbox price trend also looks to be extremely bullish, pointing to a possibility that we might see further price gains throughout the session.
Therefore, my Sandbox price prediction expects the bullish trend to continue throughout the session and in the next few trading sessions. There is a high likelihood we might see prices trading above the $1 psychological level again. A drop below $0.75 will invalidate my bullish analysis.